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What Are a Few Questions to Ask Oneself Before Starting a Business/Company?

Divya
3 replies

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Katerina
What does success look like? Why am I doing this? Why? What do I tell my kids? Is it aligned with my values? What do I want to learn from this?
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Peter Nguy
Dizzy Dwarves
Dizzy Dwarves
@katerinabohlec - I’ll add a few more to your great list: - What problem am I solving? If you’re purely in it for the money then you’re bound to fail… - How much money do you have - ie. run way. The more you have, the longer you can go until you catch a break/get traction = maximising chances of succeeding. - Do I have a clear picture of what I need to do to begin? Ie. a business plan with clear cost models, revenue forecasts, etc. - Really helps to have clients or customers going into your launch.
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